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BTIG has hired JT Herman as Head of Mergers and Acquisitions within its Investment Banking division. Herman will be based in San Francisco.
“We are pleased to welcome JT to the firm. He is an accomplished industry veteran with significant expertise and a successful track record for deal completions,” says Scott Kovalik, Co-Founder and Chief Executive Officer of BTIG. “JT has a vision and business plan to build out a full-scale mergers and acquisitions team, bringing key specialists to our Investment Banking division. The new team he is creating is crucial to complete our product offering for corporate clients.”
Funds managed by CVC Capital Partners (CVC) are to make a majority interest investment in UnitedLex, the pioneer of enterprise legal services for the world’s leading corporations, law firms, and universities. The transaction is subject to customary regulatory approvals.
The UnitedLex senior leadership team has fully reinvested in the transaction to further the company’s mission to lead the revolution of the practice of law and legal services delivery and to drive innovation in the legal marketplace.
The investment represents one of the largest transactions to date with any legal services provider. It comes on the heels of UnitedLex
Noerr has advised the investment companies Aleph Capital Partners and Crestview Partners on a planned EUR260 million investment in the DARAG Group.
The financing for the transactions, which is subject to the usual closing conditions including the required regulatory approval, is being carried out via a fund controlled by the investors.
DARAG specialises in the acquisition of inactive insurance portfolios from insurers and reinsurers and has completed 23 transactions worth over EUR740 million in 15 countries since 2009.
Aleph and Crestview have a strategic alliance for European investment projects. As part of this latest investment, Aleph and Crestview
Ironwood Capital has made an investment in Capewell Aerial Systems, a designer and manufacturer of tactical, parachute and aerial delivery products. Founded in 1881, Capewell has been in business for over 130 years.
“Over the past several years, Capewell has increased market share of its primary products and expanded its practice of accretive acquisitions to further diversify its revenue streams, product portfolio, end markets and customer base,” says Alex Levental, Ironwood Capital managing director. “It has built a very flexible foundation.”
Ironwood Capital Managing Director Jim Barra says: “We are pleased the existing Capewell management team will continue to
Hedge fund and private equity fund manager EJF Capital (EJF) has appointed Asheel Shah as a Senior Managing Director and Head of Real Estate, effective 1 October 2018.
Shah will direct all commercial real estate investment activities including ground up development.
Shah brings with him over 20 years of experience in the real estate industry. Most recently, he was President and Chief Investment Officer of the Multifamily division at Kettler Inc, a diversified real estate development company. Shah oversaw acquisitions, asset management, development, construction and equity capital sourcing in the Multifamily division.
Neal Wilson, co-founder and Chief Operating
Rothschild Merchant Banking, the investment arm of Rothschild & Co, is pleased to announce that it has completed the final closing of Five Arrows Capital Partners (FACP), its first corporate private equity vehicle in the United States.
This is the 13th fund raised by Rothschild Merchant Banking over the last 10 years, which brings the total assets under management to more than USD10 billion across four strategies: corporate private equity; senior and junior credit; primary and secondary fund of funds; and co-investments.
The Fund has secured total capital commitments in excess of USD655 million, above its target, from a
Granite Bridge Partners (Granite Bridge), a newly formed private equity investment firm focused on the lower middle market, has selected PEF Services for its fund administration.
Granite Bridge was formed by the former management team of the Direct Equity Division of Wafra Inc to effect the acquisition through a Secondary Transaction of a majority interest in Wafra Inc’s direct equity portfolio.
“PEF’s long-standing reputation for providing exceptional service to its clients, together with innovative technology solutions that will allow us to scale, were key drivers in our decision,” says Peter Petrillo, Managing Partner of Granite Bridge. “PEF Services will
HQ Capital has hired Amy Thiessen as Director of Business Development to lead capital-raising and business development in North America. She will be based in New York.
Thiessen will raise capital and develop new strategic partnerships across HQ Capital’s platform with institutional investors in North America including pension funds, sovereign wealth funds, family offices, endowments and foundations. She will also manage existing strategic partnerships with groups in the US and Canada.
Thiessen joins HQ Capital with 13 years of experience in capital markets in Europe and the US. Previously, she was a Principal at Park Madison Partners, raising capital
Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has reported revenue growth of 20 per cent year-on-year so far in 2018.
The company has seen a 23 per cent increase in the number of end-users on its flagship IT-as-a-Service product, AbacusFLEXä, and a 28 per cent increase in number of client firms on its cloud platform.
“We marked our first decade of service to the alternative investment community this year, and we are preparing for the next 10 years with a heavy investment in technology and cybersecurity, as well as intentionally-designed office
Private equity fundraising in Africa, including final and interim closes, totalled USD2.1 billion in the first six months of 2018, highlighting the continuing attractiveness of Africa’s investment landscape, according to a new report by The African Private Equity and Venture Capital Association (AVCA).
Some 60 per cent of that amount was allocated to infrastructure-related funds.
The total value of reported PE deals in the first half of 2018 was USD0.9 billion, with the Consumer Discretionary, Financials and Consumer Staples sectors accounting for the highest volume of activity over the period. Specifically, the Financials sectors’ deal volume share increased to
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